Washington DC - The Matan Companies today announced the final close of its latest real estate fund, Matan Fund IV, bringing total equity raised for this fund to more than $100 million.The Fund will invest in the office, residential,and industrialsectors in the Washington area.Mark Matan, Principal for the Matan Companies, said“The success of our fundraising efforts puts us in a strong position to capitalize on existingvoidsin the DC suburbs. We are focusing on opportunities and strategic partnerships rather than any specific product type.”
Matan Fund IV has completed its first acquisitions. Prospect Hall Apartments,a 376-unitmultifamily development in Frederick, MDwill deliverearlysummer2014. In addition,Matan FundIVpurchased Federal CapitalPartners’interest in the 332,000 sfNationalCancerInstitute’s Advanced Technology Research Facility in Frederick,MD.Matan Fund IVhas several deals under contract with closings pending forlate2013.
About Matan Companies
Headquartered in Suburban Maryland for over 35 years, Matan Companies is one of the region’s premier commercial real estate and development firms. Matan’s primary geographic focus is the Washington area suburbs. Matan’s current portfolio consists of over 4million square feet of office/industrial assetswith3 million square feet in the development pipeline, several active residential developments, and a separate portfolio of multifamilyunits.